Borrowing from Mitchelstown Credit Union
We welcome loan applications from members regardless of how long they have been a member.
- Base your application on your needs, ability to repay and savings record with us.
- Ask you to provide proof of income and additional information such as recent bank statements etc.
- Tailor your repayments to what you can afford.
- Provide you with a quick response to your application.
- Insure your loan against death and permanent disability subject to our Loan Protection rules at NO cost to you. See the Insurance section for more information.
- Only charge interest on the reducing balance of your loan – the lower the balance the lower the interest cost.
- Look favourably on your repayments if your personal circumstances change through illness, redundancy etc.
TOP BORROWING REASONS
We offer great value loan rates.
We offer loans from as little as 6% variable (6.5% APR) which makes us one of the most competitive in the market.
We offer flexible term and repayment options.
It’s part of our can-do attitude. We will do whatever we can to accommodate your needs and circumstances.
We will give you a quick decision.
We’re quick at making decisions so you won’t be left waiting for an answer. You can expect a loan decision within 24 hours for most straightforward applications.
We make it easy to apply for a loan.
You can call us, email us or visit us to arrange a private consultation with one of our qualified loans officers. You can also start the application process online by filling out the loan enquiry form.
We provide free loan protection insurance to eligible members.
It means that, in the unlikely event of your passing during the term of your loan, your dependents won’t have to pay the outstanding balance.
We don’t charge any transaction fees.
With us, there are no administration charges or arrangement fees, no hidden extras or nasty surprises. What you see is what you get.
We don’t penalise you for early repayment.
If you want to pay off your loan early, we won’t stand in your way. You can clear your loan whenever you want, at no extra cost.
We calculate interest on the reducing balance method.
It means you pay less interest with each repayment which can make a big difference over the lifetime of a loan.
We offer loan products for every need.
We’re not just here for cars and home improvements. We look at things differently: for education, medical, business, community and sporting requirements in the community. We will consider loan applications for any worthwhile purpose.